HCL Tech on the surge
By Ruma Dubey
about 15 hours ago
HCL Tech is the top gainer on the BSE since the opening bell today morning. From its close of Rs.1480, it opened 5% higher at Rs.1550 and went up further to Rs.1599.60. Its 52-week high is at Rs.2011.
The company did well on the earnings front. Here is a quick synopsis of the same:
Key Highlights
- Solid Revenue Growth: HCL saw mid-single-digit growth, driven by strong demand in digital engineering and cloud services.
- Profitability Improvement: Margins expanded sequentially, suggesting better operational efficiency or favorable pricing.
- Order Book: Deal wins were healthy, with new TCV (Total Contract Value) of over $2.3 billion, pointing to a strong future pipeline.
- Attrition Rate: Down to ~12%, indicating stabilization in the talent market.
- Geographic Performance: Strongest growth came from North America and Europe, while APAC was relatively flat.
- Verticals: BFSI and Healthcare continued to show resilience, while Manufacturing and Technology saw slower growth.
Guidance:
- FY2026 Revenue Growth Guidance: 6–8% (in constant currency).
- EBIT Margin Guidance: 18–19%.
1594.30 (+114.20)